Home Depot 2010 Annual Report Download - page 35

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Item 8. Financial Statements and Supplementary Data.
Management’s Responsibility for Financial Statements
The financial statements presented in this Annual Report have been prepared with integrity and objectivity and
are the responsibility of the management of The Home Depot, Inc. These financial statements have been prepared
in conformity with U.S. generally accepted accounting principles and properly reflect certain estimates and
judgments based upon the best available information.
The financial statements of the Company have been audited by KPMG LLP, an independent registered public
accounting firm. Their accompanying report is based upon an audit conducted in accordance with the standards
of the Public Company Accounting Oversight Board (United States).
The Audit Committee of the Board of Directors, consisting solely of independent directors, meets five times a
year with the independent registered public accounting firm, the internal auditors and representatives of
management to discuss auditing and financial reporting matters. In addition, a telephonic meeting is held prior to
each quarterly earnings release. The Audit Committee retains the independent registered public accounting firm
and regularly reviews the internal accounting controls, the activities of the independent registered public
accounting firm and internal auditors and the financial condition of the Company. Both the Company’s
independent registered public accounting firm and the internal auditors have free access to the Audit Committee.
Management’s Report on Internal Control over Financial Reporting
Our management is responsible for establishing and maintaining adequate internal control over financial
reporting, as such term is defined in Rule 13a-15(f) promulgated under the Securities Exchange Act of 1934, as
amended (the “Exchange Act”). Under the supervision and with the participation of our management, including
our Chief Executive Officer and Chief Financial Officer, we conducted an evaluation of the effectiveness of our
internal control over financial reporting as of January 30, 2011 based on the framework in Internal Control –
Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission
(COSO). Based on our evaluation, our management concluded that our internal control over financial reporting
was effective as of January 30, 2011 in providing reasonable assurance regarding the reliability of financial
reporting and the preparation of financial statements for external purposes in accordance with U.S. generally
accepted accounting principles. The effectiveness of our internal control over financial reporting as of
January 30, 2011 has been audited by KPMG LLP, an independent registered public accounting firm, as stated in
their report which is included on page 30 in this Form 10-K.
/s/ F
RANCIS
S. B
LAKE
/s/ C
AROL
B. T
OMÉ
Francis S. Blake
Chairman &
Chief Executive Officer
Carol B. Tomé
Chief Financial Officer &
Executive Vice President – Corporate Services
29